Actions

Colorado marijuana sales exceeded $1B through August

DENVER (AP) — A Colorado report shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million.

The Denver Post reports
the state Department of Revenue report indicates medical and recreational marijuana sales are on track to break last year's record of more than $1.5 billion.

This year's combined sales reached the billion-dollar mark at the earliest point in the four years recreational marijuana has been legal in the state.

Total Sales through August 2017 reached more than $996 million.

According to the Marijuana Enforcement Division's 2018 Mid-Year Update, the industry's hot spots are in Denver, Boulder, El Paso and Pueblo counties, growing 80 percent of all plants in the state as of June.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.